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JMC Steel Group Completes Recapitalization and Purchase by Zekelman Family of Majority Stake From The Carlyle Group

JMC_Steel_Color_2Beachwood, OH – JMC Steel Group announced today that it has successfully completed the previously announced financing and sale transactions pursuant to which the Zekelman family has purchased a majority stake in JMC from Global alternative asset manager The Carlyle Group.  Carlyle maintains a minority stake in JMC.  Financial details were not disclosed.

In addition to facilitating the change of control, the company’s new credit facilities give the company greater flexibility and enhance growth opportunities.